A VERY SOUND INVESTMENT

Hokitika Guardian, 7 July 1930, Page 2

A VERY SOUND INVESTMENT

A. AND N.Z. BANK SHARES

AVAILABLE AT PAR. As was only to be expected with such an excellent proposition ail.enthusiastic reception has been accorded the Australian and New Zealand Banking; Corporaetion by the public of New Zealand, and the Bank has now gone to allotment, the minimum of 400,000 £1 shares required having been taken up. The opportunity to acquire bank shares at par occurs very rarely ; in fact, it is forty years since bank shares were offered at par in this country, and this point will commend itself to all investors. To illustrate the demand for shares in banks it is only necessary to mention that a new issue of 500,000 shares in the Commercial Bank of Australia, Ltd., at o premium of 100 per cent, has just been over-subscribed by the present shareholders. This can be more readily understood when it is realised that the percentage dividend paid by the six banks operating in Australia and New Zealand averaged 14.16 per cent. This impressive return, however, is on the paid-up value of the shares; the return on the market price would not average 5 per cent. Therefore, the advantage of buying bank shares at par is more apparent, Bank shares provide one of the safest, soundest, and most profitable avenues of investment available to-day, and the Australian and New Zealand Banking Corporation, Ltd., offers investors an opportunity to come in “on the ground floor.” Copy of prospectus Obtainable from the Organising, Brokers, Dominion Brokers, Ltd., 81 Cathedral square (P.O. Box 227), Christchurch.